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Stocks on the Dhaka Stock Exchange ended higher on Tuesday, as opportunist investors chased lucrative investment opportunities in response to ongoing earnings declarations.
The prime index of the Dhaka Stock Exchange (DSE) increased by 17.65 points to settle at 5,316.
The benchmark index of the Dhaka bourse managed to stay afloat amid lower market participation as opportunist investors chased lucrative investment opportunities in response to ongoing earnings declarations, while overall market sentiment remains subdued, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 2.10-point increase to 1972.20, while the DSES Index, which represents Shariah-based companies, saw a 1.95-point increase to 1,184.95 till the end.
Turnover, a crucial indicator of the market, stood at Tk 4.80 billion, down 16.90 per cent from the previous trading day.
The market observed mild volatility until mid-session since investors were active on both sides of the trading fence, according to EBL Securities.
The majority of the stocks saw a price decrease, as out of the 394 issues traded, 152 closed higher, 175 ended lower, and 67 remained unchanged on the DSE trading floor.
Square Pharmaceuticals PLC was the most-traded stock with shares worth Tk 241.40 million changing hands, followed by Bangladesh Shipping Corporation, Far East Knitting & Dyeing Industries Limited, MJL Bangladesh PLC, and Islami Bank Bangladesh PLC.
The Chittagong Stock Exchange (CSE) ended down with its All Share Price Index (CASPI) decreasing by 26.82 points to settle at 14,781 and the Selective Categories Index (CSCX) losing 11.60 points to settle at 9,002.
The port city bourse traded 1.88 million shares and mutual fund units with a turnover volume of Tk 43.64 million.